(MENAFN- Ameliorate Digital Consultancy)
As per the study initiated by Evolve Business Intelligence, the global Ready-To-Eat Food Market size accounted for USD 383.5 Billion in 2022, growing at a CAGR of 5.2% from 2023 to 2030. The Ready-To-Eat Food Market refers to a segment of the food industry that specializes in producing and selling food products that are fully prepared and require minimal to no additional cooking or preparation by the consumer before consumption.
The Ready-To-Eat Food Market has grown significantly in recent years due to changing consumer lifestyles, busier schedules, and a demand for convenience. It includes a diverse range of products to cater to various tastes and dietary preferences. Manufacturers and retailers in this market often focus on product quality, packaging, and freshness to meet the needs of consumers seeking quick and easy meal solutions.
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Key Highlights:
The global Ready-To-Eat Food Market size was valued at USD5billion in 2022 growing at a CAGR of 5.2% from 2023 to 2030. North America dominated the market in 2022 Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2030
Evolve Business Intelligence has published a new market research report on Global Ready-To-Eat Food Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Ready-To-Eat Food Market report also includes the following data points:
COVID19 Impact on Ready-To-Eat Food Market size End-User/Industry/Application Trend, and Preferences Government Policies/Regulatory Framework Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies Opportunity in Ready-To-Eat Food Market
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Key Players
Some of the major Ready-To-Eat Food Market players holding high market share include Nomad Foods Ltd., Conagra Brands Inc., Nestle S.A. and General Mills Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
Nomad Foods Ltd. Conagra Brands Inc. Nestle S.A. General Mills Inc. McCain Foods Limited Orkla ASA ITC Limited Bakkavor Foods Ltd
Segmental Analysis
Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Ready-To-Eat Food Market:
Vegetable Based Cereal Based Poultry
Market Segment By Sales Channel with focus on market share, consumption trend, and growth rate of Ready-To-Eat Food Market:
Online Store Departmental Specialty Store
| Parameters | Details |
| Market Size (2022) | $ 383.5 Billion |
| CAGR (2023 to 2030) | 5.2% |
| Market Segmentation | Product Type, Sales Channel |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Global Ready-To-Eat Food Market Geographic Coverage:
North America Europe UK Germany France Italy Spain Nordic Countries Benelux Rest of Europe
Asia Pacific China Japan India South Korea Indonesia Malaysia Australia Rest of Asia Pacific
Middle East and Africa Saudi Arabia UAE Egypt South Africa Rest of MEA
Latin America Mexico Brazil Argentina Rest of Latin America
Reasons to Buy this Report:
Detail analysis of the impact of market drivers, restraints, and opportunities Competitive Intelligence providesan understanding of the ecosystem Details analysis of the Total Addressable Market (TAM) of your products Investment Pockets and New Business Opportunities Demand-supply gap analysis Strategy Planning
About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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